PINE LIBRARY

TrendIndicators

Aktualisiert
Library "TrendIndicators"
This is a library of 'Trend Indicators'.
It aims to facilitate the grouping of this category of indicators, and also offer the customized supply of
the source, not being restricted to just the closing price.

Indicators (this is a work in progress):

1. Absolute DI (Directional Moviment Index) (Difference between DI+ and DI-).
Used in 'DMI Stochastic Extreme' by Barbara Star.
2. DMI

DI_Abs(lengthDI, smoothDI, typeMA, lengthMA)
  description Absolute DI (Directional Moviment Index).
Used in 'DMI Stochastic Extreme' by Barbara Star.
Difference between DI+ and DI-
  Parameters:
    lengthDI: (int) Length of DI+/DI-
    smoothDI: (bool) Sets whether absolute DI should be smoothed
    typeMA: (int) Type of moving average of smoothing
    lengthMA: (int) Length for moving average of smoothing
  Returns: (float) Absolute value of DI

dmi(diLength, adxSmoothing)
  description DMI (Directional Movement Index)
Same as ta.dmi()
  Parameters:
    diLength: (int) Length of DI+/DI-
    adxSmoothing: (int) ADX Smoothing
  Returns: [series float, series float, series float] Tuple of three DMI series: Positive Directional
Movement (+DI), Negative Directional Movement (-DI) and Average Directional Movement Index (ADX).

dmi(source, diLength, adxSmoothing)
  description DMI (Directional Movement Index)
Customized version of ta.dmi(), with custom source
  Parameters:
    source: (float) Source for DI+/DI-
    diLength: (int) Length of DI+/DI-
    adxSmoothing: (int) ADX Smoothing
  Returns: [series float, series float, series float] Tuple of three DMI series: Positive Directional
Movement (+DI), Negative Directional Movement (-DI) and Average Directional Movement Index (ADX).
Versionshinweise
v2
New overloaded function:
Absolute DI (Directional Moviment Index) with custom source.
Versionshinweise
v3
Minor fix
Versionshinweise
v4

1. Library MovingAveragesProxy updated to latest version, improving performance and fixing bugs.

2. Added new indicator: Trend Strength Index (trsi).
DIDMItechindicatortrendindicatortrendstrengthindicator

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